Qualtrics LLC 401(k) Review & Grade
Qualtrics 401(k) Plan
Provo, UTProfessional, Scientific & Technical Services2,866 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,968Employer $ per active participant
$15,802Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$445.8MNet plan assets, end of year
$96,736Average balance per account
Score breakdown
- Employer generosity44.3 / 5089th percentile for employer $ per participant
- Low cost20.9 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 83th |
| Employee saving | 85th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,438 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Qualtrics put in about $7,968 per active participant, more than the typical peer ($2,951). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $22,835,570 |
| Participant (employee) contributions | $45,289,421 |
| Other contributions (incl. rollovers in) | $3,869,534 |
| Administrative expenses paid from the plan | $163,995 |
| Other admin expenses | $163,995 |
| Benefits paid out | $44,282,500 |
| Net assets, start / end of year | $361.0M / $445.8M |
| Active participants, start / end of year | 3,044 / 2,688 |
| Participants with account balances | 4,608 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
| Employer stock held by plan | $867,657 |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $134,942 reported compensation |
| Vanguard Advisers Inc. | $32,393 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910161520NAL0044734338001, received 2025-09-10, EIN 45-4964116, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.